I've been sleeping on this coin since it was put on coinbase... It just keeps going up. It's pretty far from the resistance line and I'm not sure if this is a good short term entry or not.
Sell pressure dropping for now. Most likely a 5% pump. Volume is low. Large range on the sell side. Would need a lot of volume to break resistance.
If NUUSD holds above $.23 for now, it's looking good for the bulls. I'm surprised we haven't touched the resistance line yet. The recent pump today is surprising.
Show is over for now. Back to a slow drop for now.
Daily volume is low. Stuck between 2 resistances. Little movement. Only bot traders left. Perhaps, low volume is followed by a pump? Risk reward is just not there. There is no momentum. Must drop before it's able to climb again. Or we need some really good UMA news.
We are currently in a bull run so anything could happen... but right now UMA is making higher highs with a lower RSI. I would not be surprised if UMA went down short term to touch the longer term resistance and then bounce. Overall, UMA is definitely bullish, but I wouldn't say the uptrend is that aggressive.
As you probably know already: The market is extremely bullish today. DTNUSDC is up 400% today? Also, most of defi has seen big gains of 20-30%. However, UMAUSD has been a sleeper. The volume is extremely low. This could be seen two ways: A) Low volume means little interest since UMA has had a history of failed pumps. B) Low volume means the whales are waiting...
Selling pressure looks like it's dying off.
Dump before the pump. RSI is heavily oversold. Might hit .20 since that's the psychological level.
I'm very surprised OXT broke this support line. The market right now just keeps dropping.. but the volume for OXT is extremely small that it's back to pre-pump levels. I would assume this is some type of signal that sellers have been exhausted. OXT really can't drop more from here unless there's a big shock to the market. This really would not be a bad time to...
Lower lows on price, higher lows on RSI. Is someone accumulating?
Market is green today. Will see some price action soon?
Whenever the MACD is in the green on the 3hr chart, it's pumping. Hoping for $9 in the short term. Also: BTC market dominance is dropping and money is flowing back into alt coins today. It takes very little money for UMA to go up.
Good long entry. Target -> $.37